Diriyah Unveils 239 Premium Homes as $1.5 Billion Contracts Propel $63.2 Billion Saudi Megaproject
Introduction of New Residential Offerings at Cityscape Global 2025
Diriyah Company has officially launched 239 luxurious homes as part of the Media and Innovation District at Cityscape Global 2025. This event marks the debut of residential offerings within the company’s flagship development, presenting a significant step forward in one of the largest urban projects globally.
Overview of the Manazel AlHadawi Development
The newly unveiled Manazel AlHadawi properties are a key component of Diriyah’s expansive $63.2 billion (SR236.96 billion) master plan. The development features a diverse range of homes, including one-bedroom studio apartments, two and three-bedroom units, as well as four-bedroom duplexes. Pricing for these residences starts at SR1.6 million ($426,666), making them accessible for various buyers.
Design and Purpose
Diriyah Company has emphasized the blend of traditional Najdi architectural themes with modern design in these new homes. This approach ensures that the living spaces pay homage to Saudi heritage while providing a contemporary, premium experience. The properties cater specifically to media and technology professionals in the district, as well as families in search of high-quality housing.
Once fully completed, Diriyah is expected to encompass over 18,000 residential units, accommodating more than 100,000 residents. The design draws inspiration from the architectural legacies of the region, notably being the birthplace of the first Saudi state.
Statements from Leadership
Jerry Inzerillo, Group CEO of Diriyah Company, described the launch as “a pivotal milestone” in the company’s trajectory. He highlighted that Manazel AlHadawi is a fully in-house residential development that reflects the organization’s enhanced capabilities. “It embodies our commitment to delivering premium homes that capture the authentic spirit of Diriyah while offering an elevated, modern living experience rooted in quality, design excellence, and a deep sense of place,” Inzerillo stated.
Major Contracts Announced at Cityscape Global 2025
In addition to the residential launch, Diriyah Company has revealed three significant contract awards totaling $1.5 billion (SR5.7 billion). These contracts span various aspects of residential, commercial, and infrastructure development, further solidifying the company’s commitment to the area.
Key Contract Awards
BEC Arabia Contracting Company has secured two contracts specifically within the Media and Innovation District. The first is the South Offices project, designed to create high-end office spaces for global media networks and creative agencies. The second contract pertains to the Manazel AlHadawi plots, aimed at supporting the burgeoning community of professionals and families in the district.
Almabani General Contractors has also been awarded the King Khalid Road Main Works contract. This critical infrastructure initiative aims to improve connectivity and facilitate the integration of Diriyah’s various districts.
Diriyah Media and Innovation District: A Future Hub
The Media and Innovation District, first announced at MIPIM in Cannes in March 2025, is poised to become a central hub for global media entities and creative professionals. Designed with sustainability in mind, this area will feature advanced infrastructure and high-quality community amenities.
Progress and Economic Impact
Diriyah’s urban development program is advancing at a remarkable scale, with over $27 billion in construction contracts awarded to date. Upon becoming fully operational, the project is projected to contribute approximately $18.6 billion (SR70 billion) annually to Saudi Arabia’s GDP and create over 180,000 jobs.
Future Features of Diriyah
The ambitious development plan includes a variety of amenities, such as museums, shopping districts, a university, the Royal Opera House, and the Diriyah Arena. It will also feature an array of dining concepts and nearly 40 world-class hotels and resorts. Outdoor recreational facilities will include the Royal Golf Club and Wadi Safar, which hosts a championship course designed by Greg Norman, along with the Royal Equestrian and Polo Club.
Conclusion
Diriyah Company’s recent initiatives at Cityscape Global 2025 underscore its commitment to transforming the region into a vibrant urban center. By blending modern residential needs with historical architectural styles, Diriyah stands at the forefront of Saudi Arabia’s real estate evolution.
Published on 1763415016 • Category: Real Estate, Cityscape, Cityscape Global, Diriyah, Diriyah Development Company, saudi real estate